Re: Gold going to $2,600 -

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MajorD

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Re: Gold going to $2,600 -

in response to

Gold going to $2,600 -

Priggly

posted on Mar 14, 2009 07:54AM

Sounds like he was unknowingly describing the 5 phases of Gold (forget the name) of which we have just enterred the 3rd leg. According to him $2,600 would be reached by 2014 which I believe is way too far down the road.

If phase one ended last spring and lasted 5 to 7 years and phase 2 (downward trend to $700) lasted 8 months or so, which ended last November, the next 3 stages should be achieved much quicker.